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Weekly Equity Report-StarIndia Market Research

It was a lackluster week for Indian equity benchmarks as indices struggled to find specific direction amid a truncated week.

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Weekly Equity Report-StarIndia Market Research

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  1. ; Weekly Equity Report By Senior Researcher – Miss Namrata Otwani 06-5-2019 support@starindiaresearch.com8817002233 Nifty View It was a lackluster week for Indian equity benchmarks as indices struggled to find specific direction amid a truncated week. Dismal monthly auto sales figures, disappointing earnings by few heavyweights and weak global cues weighed on the street’s sentiments. Yes Bank, Dabur, and Britannia missed their respective quarterly earnings estimates, while, Kotak Bank and Bandhan Bank delivered impressive results. Daily Chart

  2. Weekly Newsletters Page 2 ; Open interest for the week G Monday Tuesday Wednesday Thursday Friday - 19150950 - 18632475 18732300 8 Most Active Nifty option Scrip Nifty Nifty Nifty Strike price 11800 11700 12000 Option type CE PE CE Open Interest 2352450 1680675 1282425 www.starindiaresearch.com

  3. Weekly Newsletters Page 3 ; Bank Nifty View Bank Nifty opened positive and gradually extend its gains towards 30,100 zones but failed to the same and drifted towards 29,950 level. It formed a small Bullish Candle on a daily scale while Doji Candle on a weekly scale. Now till it holds above 29,750 levels it could extend its gains towards 30,250 zone while on the downside major support is seen at 29,500 zones. Weekly Chart Open interest for the week Monday Tuesday Wednesday Thursday Friday - 1737260 - 1654800 1700620 www.starindiaresearch.com

  4. Weekly Newsletters Page 4 ; Most Active Bank Nifty option Scrip Bank Nifty Bank Nifty Bank Nifty Strike price 29500 29700 30000 Option type PE PE CE Open Interest 551880 428500 422340 Weekly FII DII FII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE -400.68 597.54 - 114.59 - 03- May -19 02- May -19 01-May-19 30-Apr-19 29-Apr-19 4034.84 5759.40 - 8263.78 - 4435.52 5161.86 - 8149.19 - DII RS CRORE NET DATE GROSS PURCHASE GROSS SALE PURCHASE/SALE 54.07 -791.69 - 730.02 - 03- May -19 02- May -19 01-May-19 30-Apr-19 29-Apr-19 3476.54 2784.07 - 4241.30 - 3419.47 3575.76 - 3511.25 - www.starindiaresearch.com

  5. Weekly Newsletters Page 5 ; SECTOR SCAN Sector Automotive % Chg 0.38% 0.31% -0.46% -0.19% 0.08% 0.11% -1.21% -0.22% -1.38% -2.44% -0.18% -1.11% 0.01% 0.12% 0.08% -0.81% 0.72% 0.13% 1.07% -0.23% 0.92% Sectoral Indices: Advance 28 89 27 42 11 3 10 39 21 26 73 12 30 83 7 29 15 33 12 2 12 Decline 50 97 63 62 16 8 18 85 54 73 115 30 49 87 15 52 31 49 14 3 11 Banking & Financial Services Cement & Construction Chemicals Conglomerates Consumer Durables Consumer Non-durables Engineering & Capital Goods Food & Beverages Information Technology Manufacturing Media & Entertainment Metals & Mining Miscellaneous Oil & Gas Pharmaceuticals Retail & Real Estate Services Telecommunication Tobacco Utilities Name NIFTY BANK NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY %change 0.83 0.57 0.42 -1.13 -1.89 -0.89 -0.14 -0.76 1.09 0.83 1.57 www.starindiaresearch.com

  6. Weekly Newsletters Page 6 ; NEWS CORNER 1.Information technology (IT) stocks were trading in the negative intraday on May 3 after the US-based IT services company Cognizant almost halved its 2019 revenue forecast after missing first-quarter results estimates, on the back of muted demand for its financial and healthcare businesses. 2.Shares of DLF surged more than 2 percent after the realty major transferred a shopping mall in Noida to its subsidiary firm for Rs 2,950 crore. The transfer of DLF Mall of India to Paliwal Real Estate was done at arm's length, as part of efforts to settle dues of its joint venture firm with GIC. 3.Shares of Britannia Industries fell 2 percent intraday Friday after brokerages including CLSA and Credit Suisse cut the target price after company announced its Q4 earnings. The company's Q4 net profit was up 12 percent at Rs 294.3 crore against Rs 263 crore. Revenue was up 10.3 percent at Rs 2,799 crore versus Rs 2,537.5 crore. 4.Shares of Tata Motors added nearly 3 percent intraday on May 3 despite the company reporting muted sales for April 2019. The company in its BSE release said that domestic sales dropped 20 percent in April 2019, at 42,577 units against 53,511 units YoY. The Mumbai- based car and truck manufacturer said its commercial sales went down by 18 percent at 29,883 units last month compared to 36,276 units in April 2018. 5.Tata Chemicals on May 3 posted a 26.46 per cent jump in its consolidated net profit at Rs 450.10 crore during the fourth quarter of 2018-19 fiscal on strong sales. The company's net profit stood at Rs 355.90 crore in the same quarter during previous fiscal. This excludes Rs 854.29 crore profit from its discontinued operations. 6.Shares of Tata Motors added nearly 3 percent intraday on May 3 despite the company reporting muted sales for April 2019. The Mumbai-based car and truck manufacturer said its commercial sales went down by 18 percent at 29,883 units last month compared to 36,276 units in April 2018. Sales of medium and heavy commercial vehicles (M&HCV) dropped a staggering 33 percent. However, the company witnessed a small 1 percent increase, in its tipper segment, over the year-ago period. www.starindiaresearch.com

  7. Weekly Newsletters Page 7 ; STOCK OUTLOOK RECLTD FUT :- Stock tanks for the second consecutive day and closed below its support zone which further indicates selling pressure in stock. Stock performance VWAP 1319.75 1140750 4321.84 6000 149 143.35 Traded Volume Traded Value (lacs) Market Lot Weekly High Weekly Low Rating Matrix by Researcher Rating R1/R2 S1/S2 LEVEL BUY 150/160 139/130 1327 Stock in ban period JETAIRWAYS. www.starindiaresearch.com

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